Traders Sell Mondelez International (MDLZ) on Strength (MDLZ)

Investors sold shares of Mondelez International (NASDAQ:MDLZ) on strength during trading on Wednesday. $16.99 million flowed into the stock on the tick-up and $87.47 million flowed out of the stock on the tick-down, for a money net flow of $70.48 million out of the stock. Of all companies tracked, Mondelez International had the 16th highest net out-flow for the day. Mondelez International traded up $0.02 for the day and closed at $39.45

Several equities analysts recently commented on MDLZ shares. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, March 20th. Credit Suisse Group set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a research note on Monday, April 16th. Stifel Nicolaus cut their target price on shares of Mondelez International from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Wednesday, May 2nd. Morgan Stanley upped their target price on shares of Mondelez International from $49.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Finally, Societe Generale upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and upped their target price for the company from $45.00 to $55.00 in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $49.53.

The company has a market cap of $58.03 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.35 and a beta of 0.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, May 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Mondelez International had a net margin of 12.31% and a return on equity of 13.04%. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.65 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The business’s revenue was up 5.5% on a year-over-year basis. equities research analysts forecast that Mondelez International will post 2.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Friday, June 29th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Thursday, June 28th. Mondelez International’s dividend payout ratio is 41.12%.

Mondelez International announced that its board has authorized a stock buyback program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

In other news, Director Trian Fund Management, L.P. bought 1,028,600 shares of the stock in a transaction dated Friday, March 9th. The shares were acquired at an average price of $44.27 per share, with a total value of $45,536,122.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Hubert Weber sold 10,931 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $43.79, for a total transaction of $478,668.49. Following the completion of the sale, the executive vice president now directly owns 160,865 shares in the company, valued at approximately $7,044,278.35. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of MDLZ. Schwab Charles Investment Management Inc. grew its holdings in shares of Mondelez International by 3.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 5,438,637 shares of the company’s stock worth $232,774,000 after purchasing an additional 192,719 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Mondelez International by 25.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,617 shares of the company’s stock worth $411,000 after acquiring an additional 1,931 shares during the last quarter. Northstar Group Inc. grew its holdings in Mondelez International by 42.4% during the 4th quarter. Northstar Group Inc. now owns 38,869 shares of the company’s stock worth $1,664,000 after acquiring an additional 11,578 shares during the last quarter. Norris Perne & French LLP MI grew its holdings in Mondelez International by 33.7% during the 4th quarter. Norris Perne & French LLP MI now owns 159,175 shares of the company’s stock worth $6,813,000 after acquiring an additional 40,138 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in Mondelez International during the 4th quarter worth about $127,000. 75.97% of the stock is currently owned by institutional investors and hedge funds.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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